Namibia
SUBSIDIAIRY NAME | COUNTRY | SECTOR/INDUSTRY | OWNERSHIP % | ACQUISITION DATE | ACQUISITION VALUATION | TOTAL ASSET VALUATION |
---|---|---|---|---|---|---|
UNIAB INVESTMENT MANAGERS (PTY) LTD | NAMIBIA | DEVELOPMENT | 100% IIB-DG | APR 21, 2022 | 160 MILLION USD | 1.6 BILLION USD |
JOEDILA INVESTMENT CC | NAMIBIA | ENERGY | 70% IIB-DG | JUNE 21, 2021 | 5.5 BILLION USD | 55 BILLION USD |
JOEDLIA IIB DG PTY LTD. | NAMIBIA | ENERGY | 70% IIB-DG | 5500 MILLION | 5.5 BILLION | |
The UNIAB | NAMIBIA | CONSTRUCTION/DEVELOPMENT | 70% IIB-DG | APR 22, 2022 | 160 MILLION | 1.6 BILLION |
MINING
JOEDILA INVESTMENT CC: Joedila Investment CC is a company registered in the Republic of Namibia licensed to trade in Petroleum products (Petroleum Wholesale License No. W/226/2018) under the Namibia Petroleum Products & Energy Act, 1990 and Petroleum Products Regulation 2000. It has a Petroleum Transit Permit under Section 17(1) (e) Customs & Excise Act No. 20 of 1998 to transport liquid fuels in and out of all Namibia borders from/to any territory in Africa and to offload to the National grid. It has obtained the support of the Ministry of Mines and Energy, Namibia, to set up an oil refinery, oil storage, and pipelines and distribute all types of liquid fuels in Namibia. Joedila Investments CC specializes in supplying Crude oil, Diesel and Petrol, Jet fuel, and other refined petroleum products.
DEVELOPMENT
UNIAB Investment Managers (Pty) LTD: The UNIAB (VANADIUM TRADING ONE PTY LIMITED) project is a conglomerate company of the Namibian Fishing Industry that contributes 3% of GDP and about 20% of export earnings. On April 26th, 2022, IIB Development Group extended its interest to finance the company’s expansion program to USD 250M. Funding will be used to construct a dedicated fishing Jet, refinance high-interest rate local loans, acquisition of modern fishing Vessels, low-cost houses for company workers, and construction of fish meal for value addition. By implementing the above, the group will increase its revenue to 50%, improve the life standard of its 14,000 workers dedicated to the group operation, and increase the industry’s contribution to Namibia’s GDP, infrastructure, address unemployment, and housing. The project boasts 30years of experience in business and sound assets as per the company auditor (PriceWaterHouseCoopers) with current essential resources infrastructure, fishing vessels, fishing factories, and fishing rights